The explosion in popularity of Bitcoin, a blockchain-based cryptocurrency, brought Blockchain technology to the forefront. The origins of Blockchain technology date back to the late 80s, when Merkle Tree was created. However, W. Scott Stornetta and Stuart Haber were the first to use it. Haber and Stornetta imagined a cryptographically secure system with blocks linked together in a chain. This would ensure everyone keeps the timestamps of documents. The whitepaper by Satoshi Nakamoto, Bitcoin: Peer–to–Peer Electronic Money System, went viral. 

 The Bitcoin phenomenon became a soft barrier to blockchain technology. Blockchain app development companies weren't popular until recently beyond financial services and digital currencies. Blockchain technology is far from mature today, but its use is expanding across many sectors. Read full blog: https://magazineque.com/use-of-blockchain-in-various-sectors/